DeFi Technologies Announces CoreFi Strategy, a New Publicly Traded Company Offering Regulated Access to Core's BTCfi Ecosystem

Following a model inspired by MicroStrategy and Metaplanet, CoreFi Strategy aims to enhance Bitcoin yields by leveraging CORE, the native token of the Core blockchain.

Key Takeaways

DeFi Technologies announces CoreFi Strategy, a new publicly traded company offering regulated access to Core’s BTCfi ecosystem.

Inspired by MicroStrategy and Metaplanet, CoreFi Strategy aims to enhance Bitcoin yields by leveraging CORE, the native token of the Core blockchain.

The firm will list on a Canadian exchange in early 2025, focusing on accumulating Bitcoin and CORE assets to amplify returns.

CoreFi Strategy plans to dual-stake CORE and Bitcoin, using advanced financing techniques to expand its treasury, much like MicroStrategy.

“CoreFi Strategy offers a unique opportunity to capitalize on the BTCfi revolution and Core’s growth,” said Olivier Roussy Newton, CEO of DeFi Technologies. “Investors can now participate in Core’s rapid adoption as a yield-bearing BTCfi protocol, much like MicroStrategy did for early Bitcoin exposure.”

The Core blockchain has over 8,200 staked Bitcoin and maintains about 75% of the Bitcoin mining hash power securing its ecosystem.

The platform has reached $700 million in total value locked (TVL) and processes over 310 million total transactions.

Earlier this year, DeFi Technologies’ subsidiary Valour Inc. launched the first yield-bearing Bitcoin ETP using Core’s Non-Custodial Bitcoin Staking product, offering investors a 5.6% yield on their Bitcoin.